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The mathematician of the Complutense University of Madrid, José-Vidal Ruiz Varela, argues that Europe must raise its borrowing limit, leaving its deflationary policy. Meanwhile, USA must correct debt and raise the interest rates. Raising the interest rates in the USA and dropping them in Europe, recovers the European domestic demand and EE.UU may return to invest in Europe, with a stronger dollar, without any problem, generating hundreds of thousands of Jobs

--Japan's finance minister calls on Europe to quickly act to fight crisis in speech to IMF policy steering body--Japan pledges to contribute to European Stability Mechanism--Japan seems increasingly worried about missing 2.2% growth goal for current fiscal year
TOKYOJapan's finance minister on Saturday urged European officials to "quickly" carry out the promised steps to douse their debt crisis,saying Japanese growth could fall below 2% in the current fiscal year unless Europe-induced economic problems subsideMr. Koriki Jojima in turn pledged to make contributions to Europe's new anti-crisis fund, known as the European StabilityMechanism"Europe needs to quickly implement all of the measures that have been agreed upon and announced to date," Mr. Jojima said in a speech to the International Monetary Fund's policy-steering committeeDescribing the euro bloc's turmoil as "the greatest cause for concern" for the world economy, Mr. Jojima said quick European actions are "essential" to avert any further global economic slowdownThe remarks by Mr. Jojima reflect Japanese frustrations with various fallouts from Europe's debt scourge, such as falling demand for Japanese products in the global market and export-stunting strength in the yen, both of which are threatening to push Japan's economy into recessionAs the host of the IMF's latest annual meeting, Japanese officials have voiced worries over the strong yen at various events held this week, including a meeting of top officials from the Group of Seven leading industrialized nations. Mr. Jojima said Japan's economy could grow about a price-adjusted 2% in the fiscal year ending in March if downside risks--including instability in the financial market and global economic slowdown--"subside." Those conditions are "due to the European sovereign debt crisis," he saidHis forecast signals mounting concerns within the Japanese government that it could fail to achieve a targeted 2.2% expansion this fiscal year, particularly since national elections could come in less than a yearIn a sign that Japan continues to see the need to mobilize its own funds to help fix Europe's problems, Mr. Jojima welcomed the launch earlier this month of the ESM and declared that Japan is "ready to make contributions as necessary."For his part, Mr. Jojima acknowledged that in addition to Japan's planned sales tax increases in the coming few years, Tokyo needs to "make further efforts" to deliver on its promise to balance the combined budget of the local and central governments by March 2021